Oman's Capital Market Authority issues new regulation to organise insurers’ investments
Published 13 Dec,2020 via Muscat Daily - The Capital Market Authority (CMA) issued a new organisational regulation to organise the investment of insurance companies’ assets and Takaful insurance. The new regulation is set to meet the Omani insurance market development, which adds sufficient flexibility for the companies to be able to diversify investment opportunities and face market volatility.
It contributes to strengthening the insurance companies’ investments, both the traditional and Takaful, and enhance the financial centres that qualify it to be able to compete and absorb more risks, thus maximising the amount of the invested funds in the local economy.
The decision issued by H E Abdullah bin Salim al Salmi, executive president of the CMA directed all the companies to work on conciliating its conditions according to the regulation’s requirements during one year, according to a press statement published on the CMA website.
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